Yes, this is true. You will be able to afford a 4K TV for CN¥3,999 or about $640, without breaking an arm and a leg.
Xiaomi announced their new product, affordable solution to 4K TVs. It is a Chinese product, but they are known for well built hardware. The TV has a built-in Android OS with a MIUI TV skin. Specs wise, it has a 4k 3D from either LG or CSOT, a pretty thin bezel, 6,2mm. Inside, they have a MediaTek MStar 6A918 chip (1.45GHz quad core cpu and Mali-450 MP4 gpu) and 2GB of memorie. It offers 8GB of space and you can add up to 64GB via microSD.
The TV come with a Bluetooth LE remote compared to the infrared ones. You can also install an app on your phone to control the TV with buttons, gestures or voice.
To keep the TV thin, the team decided to include the speakers in a separate box. It comes with a wired audio bar and a bluetooth subwoofer. Which you can sync with you bluetooth devices.
In the end, if it’s available in North America, I know I will be getting it, just because the price is so low.